LG Display Co Ltd. (LPL) Given Average Recommendation of “Hold” by Brokerages

Shares of LG Display Co Ltd. (NYSE:LPL) have been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $16.00.

LPL has been the subject of a number of analyst reports. Cowen set a $16.00 price objective on shares of LG Display and gave the company a “buy” rating in a research report on Monday, October 23rd. Nomura reissued a “neutral” rating on shares of LG Display in a research report on Thursday, October 19th. Zacks Investment Research raised shares of LG Display from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, December 27th. CLSA raised shares of LG Display from an “underperform” rating to an “outperform” rating in a research report on Tuesday, January 23rd. Finally, Morgan Stanley raised shares of LG Display from an “underweight” rating to an “overweight” rating in a research report on Tuesday, January 23rd.

LG Display (NYSE LPL) opened at $13.75 on Tuesday. The firm has a market cap of $9,890.06, a price-to-earnings ratio of 6.06, a P/E/G ratio of 0.80 and a beta of 0.62. LG Display has a 12-month low of $11.91 and a 12-month high of $17.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.40 and a quick ratio of 1.07.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of LG Display by 0.7% in the 2nd quarter. Wells Fargo & Company MN now owns 71,816 shares of the electronics maker’s stock valued at $1,154,000 after acquiring an additional 476 shares during the period. Nationwide Fund Advisors lifted its stake in shares of LG Display by 1.7% during the 2nd quarter. Nationwide Fund Advisors now owns 52,400 shares of the electronics maker’s stock worth $842,000 after buying an additional 900 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of LG Display by 1.7% during the 2nd quarter. Stifel Financial Corp now owns 52,400 shares of the electronics maker’s stock worth $842,000 after buying an additional 900 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of LG Display by 39.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 15,293 shares of the electronics maker’s stock worth $246,000 after buying an additional 4,325 shares during the last quarter. Finally, Shelton Capital Management lifted its stake in shares of LG Display by 14.9% during the 4th quarter. Shelton Capital Management now owns 54,000 shares of the electronics maker’s stock worth $743,000 after buying an additional 7,000 shares during the last quarter. 4.06% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “LG Display Co Ltd. (LPL) Given Average Recommendation of “Hold” by Brokerages” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2018/02/13/lg-display-co-ltd-lpl-given-average-recommendation-of-hold-by-brokerages.html.

About LG Display

LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.

Analyst Recommendations for LG Display (NYSE:LPL)

Receive News & Ratings for LG Display Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LG Display and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply